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On December 1, 2024, various companies engaged in the following transactions: Alpha Corporation purchased $18,000 of inventory on credit from Beta Suppliers. Beta Suppliers granted
On December 1, 2024, various companies engaged in the following transactions:
- Alpha Corporation purchased $18,000 of inventory on credit from Beta Suppliers.
- Beta Suppliers granted a $2,000 discount to Alpha Corporation for early payment of the invoice from Transaction 1.
- Gamma Enterprises paid $12,000 in cash for marketing services provided by Delta Marketing.
- Delta Marketing provided $6,500 worth of advertising services to Epsilon Solutions on credit.
- Epsilon Solutions returned $3,500 worth of unused marketing materials to Delta Marketing.
- Zeta Industries sold equipment for $25,000 cash to Theta Corporation.
- Theta Corporation paid $4,000 for consulting services provided by Iota Consulting.
- Iota Consulting granted a $700 discount to Theta Corporation for prompt payment of the consulting invoice.
- Kappa Ventures received a $10,000 loan from Lambda Bank.
- Lambda Bank charged $900 as interest on the loan provided to Kappa Ventures.
Please journalize these transactions for the respective companies involved.
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